Asset-price Inflation is Giving Way to Debt Deflation

The Game is Over. There Won't Be a Rebound

By Mike Whitney

Bernanke is merely being polite in not rubbing the faces of European and Asian governments in the fact that unless they are willing to make a structural break and change the world monetary system radically, they will remain powerless to avoid giving the United States a free ride – including a free ride for its military spending and war in the Near East. Continue